Articles

Job market looks better as unemployment claims sink

The number of people applying for benefits fell last week to 366,000, the fewest since May 2008. If the number stayed that low consistently, it would likely signal that hiring is strong enough for unemployment rates to fall.

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Advocates: Vouchers living up to expectations

Nearly 4,000 students who formerly attended public schools are receiving tax money to help pay the cost of private school under Indiana's school voucher program, which is believed to be the nation's largest, officials say.

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Budget official: State was warned about tax collections

Democrat Erik Gonzalez of the state's budget-forecasting committee said his panel warned the Indiana Department of Revenue something was wrong with corporate tax collections two years before the state discovered it misplaced $320 million.

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Illinois tax breaks could trigger demand for more

Under the threat of losing thousands of jobs to other states, Illinois lawmakers on Tuesday approved a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. The state’s governor is expected to sign it.

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U.S. retail sales increase for sixth straight month

Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.

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Illinois Senate considering CME Group tax breaks

The Senate has approved similar legislation in the past, so the latest version is likely to get the chamber’s stamp of approval. Indianapolis and, likely, Carmel have been trying to lure the company to Indiana.

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Complex accounts made it easy for state to miss $320M

Indiana House and Senate Democrats say they want an investigation into how the money went missing for so long. They submitted a letter to the state's budget forecasting committee requesting an independent audit of the state's finances.

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